Transaction log
Jul 18, 2023 - Bought 15 @ $164.32 (1.56% wtg, coffee can)
Oct 5, 2023 - Bought 10 @ $107.10 (25 shares, 1.79% wtg)
Location: Goodlettsville, Tennessee
Profile
Industry: Discount stores
Sector: Consumer defensive
Theme: Middle class squeezed
5-Year shareholder growth: +5.6%/year
Fair value estimate: $154
Valuation assumption: 6.5% MFCF yield
Estimated fair value history
Jan-25 - $151 (6.5% MFCF yield)
Apr-25 - $154
The 2014 acquisition of Family Dollar has been an albatross for Dollar Tree. With the sale announced this morning, that chapter comes to a close. [trade]
Introducing Coffee Can rule #19: Water the flowers, pull the weeds. [trades]
In July 2021, Dollar General was the darling of the dollar store space while Dollar Tree was the dog. Today, fortunes have reversed. Time to rebalance? [trades]
Right now a lot of attention is on reopening plays while more defensive plays, e.g. grocery stores and discount retailers, are being neglected. Nice to have the company of noted value investor Charles Akre. [trades]
